Supreme Court · 2021 INSC 184 · Decided 15 March 2021
Alok Kaushik v. MRS Bhuvaneshwari Ramanathan and Others
- Court
- Supreme Court of India
- Citation
- 2021 INSC 184 · [2021] 4 S.C.R. 521
- Case number
- CIVIL APPEAL No. 4065/2020
- Decided
- 15 March 2021
- Bench
- D.Y. CHANDRACHUD, M.R. SHAH (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 142; IBC Section 60(5)(c), 12A, 217, 218, 220
Headnote
Insolvency and Bankruptcy Code, 2016: s.60(5)(c) - Dispute regarding fee of valuer - Pursuant to the initiation of CIRP against corporate debtor, first respondent was appointed as the Resolution Professional (RP) - RP appointed appellant as a registered valuer of the Plant and of 115 sites and a fee of Rs.7.50 lakhs and other expenses were ratified by the Committee of Creditor (CoC) - Appellant claims to have conducted valuation work of 84 sites and he paid for expenses of Rs.52,000 - NCLAT set aside the CIRP against the corporate debtor and remanded the
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)